Chevron and Chubu Electric Sign Wheatstone LNG Agreements

More LNG from the Wheatstone project has been sold, with Chevron announcing a new binding long-term deal with Japan’s Chubu Electric Power.

Chevron Corporation has announced that its Australian subsidiaries have signed binding long-term Sales and Purchase Agreements (SPAs) with Chubu Electric Power Company Inc. (Chubu) for liquefied natural gas (LNG) from the Wheatstone Project in Western Australia.

Under the agreements Chevron, together with Apache Energy and Kuwait Foreign Petroleum Exploration Company, will supply Chubu with 1 million tonnes per annum (MTPA) of LNG for up to 20 years.

The project recently awarded https://pumpindustry.com.au/wheatstone-awards-further-pump-contracts/630/  pump contracts to United Pumps Australia has for API 610 pumps for the two LNG trains, Flowserve for lean Solvent Charge API pumps and Sundyne was selected to supply various centrifugal API pumps.

Joe Geagea, president, Chevron Gas and Midstream, said, “Chubu, one of the world’s leading LNG customers, is now a partner and customer of the Chevron-operated Gorgon Project. We are pleased to expand the strong partnership between our two companies with these SPAs for Wheatstone LNG.”

Roy Krzywosinski, managing director, Chevron Australia, said, “More than 80 percent of Chevron’s equity LNG from Wheatstone is covered under long-term off-take agreements with customers in Asia. The agreements demonstrate that Wheatstone is well-placed geographically to meet the Asia Pacific region’s growing demand for a safe, reliable and cleaner-burning source of energy.”

The Chevron-operated Wheatstone Project is located at Ashburton North, 12 kilometres (7.5 miles) west of Onslow in Western Australia. The project will consist of two LNG trains with a combined capacity of 8.9 million tonnes per annum and a domestic gas plant.

The Wheatstone Project is a joint venture between Australian subsidiaries of Chevron (64.14{87a03eb4327cd2ba79570dbcca4066c6d479b8f7279bafdb318e7183d82771cf}), Apache Energy (13{87a03eb4327cd2ba79570dbcca4066c6d479b8f7279bafdb318e7183d82771cf}), Kuwait Foreign Petroleum Exploration Company (7{87a03eb4327cd2ba79570dbcca4066c6d479b8f7279bafdb318e7183d82771cf}), Shell (6.4{87a03eb4327cd2ba79570dbcca4066c6d479b8f7279bafdb318e7183d82771cf}), and Kyushu Electric Power Company (1.46{87a03eb4327cd2ba79570dbcca4066c6d479b8f7279bafdb318e7183d82771cf}), together with PE Wheatstone Pty Ltd. (part owned by Tokyo Electric Power Company, 8{87a03eb4327cd2ba79570dbcca4066c6d479b8f7279bafdb318e7183d82771cf}).

Chevron also holds an 80.17 percent equity interest in the Wheatstone and Iago fields that provide 80{87a03eb4327cd2ba79570dbcca4066c6d479b8f7279bafdb318e7183d82771cf} of the feedgas to the Wheatstone Project.

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